Energy Markets
Phillips 66 to stop operations at Los Angeles-area refinery
Phillips 66 stated on Wednesday it prepares to stop operations at its Los Angelesarea refinery in the fourth quarter of 2025 and will work with the state of California to supply fuel markets and meet customer demand. The interruption will impact the 600 workers and 300 contractors who run the refinery. The exit follows California Guv Gavin Newsom's signing of a costs on Tuesday needing oil refiners to maintain a. minimum fuel inventory and authorized the state's Energy. Commission to guarantee refiners plan for resupply during. upkeep failures to avoid supply shortages. With the long-term sustainability of our Los Angeles....